Brief: Cosmos Machinery Enterprises Announces Proposed Privitisation By Cosmos Machinery (Holdings)

Cosmos Machinery Enterprises

11/12/2020 01:34

Dec 11 (Reuters) - Cosmos Machinery Enterprises Ltd
 0118.HK :
    * ON DEC 3, COSMOS MACHINERY (HOLDINGS) PUT FORWARD PROPOSAL
FOR
PRIVATISATION OF CO
    * AMOUNT OF PAYABLE TO SCHEME SHAREHOLDERS UNDER PROPOSAL
ABOUT
HK$205.6 MILLION
    * UNDER SCHEME, 411.1 MILLION SCHEME SHARES WILL BE
CANCELLED
    * EACH SCHEME SHAREHOLDER WILL BE ENTITLED TO RECEIVE SCHEME
CONSIDERATION OF HK$0.500 IN CASH PER SHARE
    * UPON SCHEME BECOMING EFFECTIVE, COSMOS MACHINERY
(HOLDINGS)
75.05% OF CO'S TOTAL NUMBER OF ISSUED SHARES
    * UPON SCHEME BECOMING EFFECTIVE, CO WILL MAKE APPLICATION
FOR
LISTING OF SHARES TO BE WITHDRAWN FROM STOCK EXCHANGE
    * APPLICATION WILL BE MADE BY CO FOR RESUMPTION OF TRADING
IN
SHARES FROM 9 AM, DEC 11

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSc79QPb
Further company coverage:  0118.HK 

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